well i am surprised.it would appear you too have done some analysis of NST and foreseen some of what i have.Yes,there are pickings amongst the trash of newly aquired tenements by NST and a lot of refractory like ore.Again,not said with that scary word refractory.
The rest is just a matter of view.If you got into NST at sub 10c,you did well.If you could have seen what was ahead you could have pigged.I did.Nst share appreciation was not linear.
Just as FML has drifted sideways and down,so did NST at times. NST was a special situation with special circumstances and obvious transfer of wealth set-up to happen.It was plain for all to see,except most didn't or there would have been no money to be made.
The point your missing is THE comparison of the two that made me jump IS THE FUTURE prospects of both companies. FML are doing it with cashflow.NST are talking about it. ones got 3x last years production coming and ones talking about adding 20koz next year hopefully. One needed an extra $40m input(helped with Cre takeover) and has ore coming and better economics with rising grades.
The other only has declining grades ahead of rising costs and will need all its stored cash.
Yes.i am verbous and was about NST as well until i found a better prospect.Less to do with posting and more to do with consolidating my own view by putting it down to make it clearer---if you see that as ramping--you should see me rip a company apart and notify fellow shareholders of dicky deals as i have done once on Hotcopper.Too much integrity to sellout before hand as well.
DYOR+DYODD
FML Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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